Notes of a meeting with World Bank Managing Director Caroline Anstey
The session focused on the World Bank's development strategy, poverty eradication goals, global inequality, and the threat of climate change.
This panel discussion reflected on the major sustainability challenges facing the World Bank through exploring two World Resources Institute areas - a portfolio analysis on 2012 projects, and the interaction between country systems and World Bank safeguard approaches.
Coverage of the communiqu
Minutes of an open roundtable with EDs that occurred during the 2013 spring meetings.
Minutes of an event at the 2013 spring meetings
The International Finance Corporation (IFC, the private sector arm of the World Bank) in mid-March proposed a $7 million investment in Kenyan private education firm, Brookhouse Schools Limited.
In late February the World Bank's private sector arm, the International Finance Corporation (IFC) and the European Bank for Reconstruction and Development (EBRD) boards decided to spearhead a $4 billion dollar syndicated loan to a copper, gold and silver mine located in the Gobi Desert in Mongolia. An increasing number of people believe that it is going to lead Mongolia to dependence on one product and one corporation, driving the country into deep insecurity.
A November field study by Indian NGO the Research Collective has found that an International Finance Corporation (IFC, the Bank's private sector arm) supported coal-power plant run by GMR Kamalanga Energy Limited (GKEL), financed through a financial intermediary, has caused water pollution in the Odisha region.
A Tanzanian water and sanitation project, in which the Bank invested $164 million from 2003 to 2010, has been "a complete failure" according to NGO Civil and Political Rights Watch (CPRW).